Since the country is perilously close to defaulting on a €5 billion debt payment due next week, officials had hoped to finalize a new program that would extend the country’s rescue to 2016. Read more.

In related news, a European Union official says he expects a crucial report on Greece’s budget reforms and debt sustainability to be delivered by Monday.

Greek officials say the country will run out of money on November 16. But a new bailout disbursement can’t be approved without a report from the troika of international lenders—the International Monetary Fund, the European Central Bank, and the European Commission.